A new licensing system in Finland is attracting international betting companies, but concerns have been raised about a potential applicant’s ties to Russia. An investigation reveals connections between one company seeking a license and a Russian-based online gambling platform. Details surrounding the applicant’s ownership and operational history are under scrutiny by authorities. The Finnish government recently reformed its gambling legislation, opening the door for more foreign operators. This has led to a surge in applications, prompting increased due diligence. Authorities are now assessing the potential security risks associated with allowing companies with Russian affiliations to operate within the country. The investigation is ongoing, and a decision on the license has not yet been made.
